Gear Energy Ltd.

Gear Energy Ltd. is pleased to provide the following third quarter operating update to shareholders. Gear's Interim Consolidated Financial Statements and related Management's Discussion and Analysis for the period ended September 30, 2019 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended Nine months ended Sep 30, 2019 Sep 30, 2018 Jun 30, 2019 Sep [...]

Gear Energy Ltd. is pleased to announce that the Toronto Stock Exchange has granted approval for Gear to commence a normal course issuer bid . Under the NCIB, Gear may purchase for cancellation up to 10,954,673 common shares of Gear, representing approximately 5% of its 219,093,452 issued and outstanding Shares as at September 20, 2019. The total number of Shares that Gear is permitted to purchase is subject to a daily [...]

 Gear Energy Ltd. is pleased to provide the following second quarter operating update to shareholders. Gear's Interim Consolidated Financial Statements and related Management's Discussion and Analysis for the period ended June 30, 2019 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended Six months ended Jun 30, 2019 Jun 30, 2018 Mar 31, 2019 Jun 30 [...]

 Gear Energy Ltd. today announces changes to the Board of Directors of Gear effective immediately. Gear is pleased to announce the addition of Scott Robinson, P. Eng. to the Board of Directors of Gear. Mr. Robinson has a Master's degree in Chemical Engineering from the Colorado School of Mines and has been a petroleum engineer for over 35 years. Mr. Robinson brings a broad range of technical and business leadership [...]

Gear Energy Ltd. today announces that the annual borrowing base redetermination of its credit facilities has been finalized. The amended credit facilities have been reduced from a total $115 million to $90 million and is now comprised of a $70 million syndicated revolving term credit facility and a $20 million operating credit facility. The reduction is the result of a variety of factors including the recent Supreme Court [...]

Gear Energy Ltd. is pleased to announce that the nominees listed in the management proxy circular dated April 1, 2019 were elected as directors of Gear.  The detailed results of the vote for the election of directors held at Gear's annual and special meeting of shareholders held today  are set out below. On a vote by ballot, each of the following six nominees proposed by management was elected as a director of Gear [...]

 Gear Energy Ltd. is pleased to provide the following first quarter operating update and 2019 budget to shareholders. Gear's Interim Consolidated Financial Statements and related Management's Discussion and Analysis for the period ended March 31, 2019 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended Mar 31, 2019 Mar 31, 2018 Dec 31, 2018 FINANCIAL Funds from [...]

Gear Energy Ltd. is pleased to provide the following fourth quarter operating update to shareholders. Gear's Consolidated Financial Statements and related Management's Discussion and Analysis for the period ended December 31, 2018 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended Twelve months ended Dec 31, 2018 Dec 31, 2017 Sep 30, 2018 Dec 31 [...]

Gear Energy Ltd. is pleased to present the following results and analysis of its 2018 year-end independent reserve report prepared by its new independent evaluator Sproule Associates Limited . In 2018 Gear invested $110.0 million consisting of $43.8 million of development capital and $66.2 million in acquisition and divestiture capital. The combined investment provided Gear with four per cent annual production growth and [...]

Gear Energy Ltd. is pleased to provide the following update to shareholders. FIRST HALF 2019 BUDGET Gear is pleased to announce a first half 2019 capital budget of $10 million, targeting a strategic balance between production stability, maximizing revenue, and further improvement of the balance sheet. Management and the Board of Directors of Gear believe that this plan will provide a foundation for growth to follow [...]